United States: Merrill Lynch encourages junior investment bankers to take one day off per week

After a young intern died who had stayed up several nights in a row last summer in London, Bank of America’s investment bank, Merrill Lynch, has recently issued an internal note calling on its younger analysts to take at least one day off each week and to take all of their annual leave, according to the New York Times.
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“On Friday, Merrill Lynch, the investment bank unit of Bank of America, issued a small reprieve for the ambitious college graduates who flock to Wall Street in order to work grueling schedules: Take four days off a month, on the weekends,” announced the New York Times the same day, releasing the note. “While the bank does not encourage weekend work, the memo said, ‘we recommend that analysts and associates (the first two hierarchal levels) take a minimum of four weekend days off per...

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